The Following Information Was Available for Pete Company at December

question 157

Multiple Choice

The following information was available for Pete Company at December 31, 2015: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $984,000; and sales $1,350,000. Pete's inventory turnover in 2015 was

• A)10.9 times.
• B)12.3 times.
• C)14.1 times.
• D)16.9 times.

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Definitions:

IgE

Immunoglobulin E, a class of antibodies produced by the immune system in response to allergens, playing a key role in allergic reactions.

Parasitic Worms

Organisms that live on or inside another host organism, causing harm by feeding off the host's nutrients.

IgA

Crucial for the immunity of mucosal surfaces, Immunoglobulin A functions as a key antibody type.

Viruses

Infectious agents that replicate inside the living cells of other organisms, consisting of RNA or DNA and a protein coat.